September 11, 2015

$2.88 Trillion: Gov't Collects Record-High Taxes in First 11 Months of FY 2015

The federal government collected a record amount of taxes in the first 11 months of fiscal year 2015, exceeding $2.88 trillion in revenue, according to the latest monthly Treasury Department statement. Despite the revenue, which is still a record amount when adjusted for inflation, the federal government ran a deficit of $529 billion.

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Source: Washington Free Beacon